December 6 - Obama reaches tax deal

December 6 - Obama reaches tax deal

Photo by Alex Wong/Getty Images

On December 6, President Barack Obama announced he had reached a deal with Republican leaders to extend Bush era tax cuts for all Americans for two more years. In exchange the president received an extension of unemployment benefits. The president had been fighting the tax cuts for most of 2010, and the deal angered most liberal Democrats, but signed the bill into law on December 17.

On December 6, President Barack Obama announced he had reached a deal with Republican leaders to extend Bush era tax cuts for all Americans for two more years. In exchange the president received an extension of unemployment benefits. The president had been fighting the tax cuts for most of 2010, and the deal angered most liberal Democrats, but signed the bill into law on December 17. (Photo by Alex Wong/Getty Images)

On December 6, President Barack Obama announced he had reached a deal with Republican leaders to extend Bush era tax cuts for all Americans for two more years. In exchange the president received an extension of unemployment benefits. The president had been fighting the tax cuts for most of 2010, and the deal angered most liberal Democrats, but signed the bill into law on December 17.